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Stewards Investment Capital: A Catalyst of Growth for Investors
October 14, 2024
Stewards Investment Capital Announces Successful Raise of $ 6 million Bridge Financing for Hollywood Circle Holdings, Florida
November 17, 2024The rise of Florida
Published on 13th November 2024
Boutique investment advisory firm Stewards Investment Capital have teamed up with wealth intelligence firm New World Wealth to review the fastest growing wealth markets in the world.
Florida has been thriving in recent years, driven by its favourable tax policies, booming financial services sector, and rapidly growing tech industry. This vibrant state is now emerging as a serious contender to rival economic powerhouses like California and New York.
According to New World Wealth’s latest in-house indices, total investable wealth held in Florida has risen by 92% over the past decade (2014 to 2024), making it the fastest-growing U.S. state when it comes to new wealth creation during this period. Growth in the centi-millionaire segment has been especially pronounced at over 120%, and there are now 620 centi-millionaires living in Florida as at June 2024 - this refers to individuals with liquid investable wealth of USD 100 million or more. This means Florida now has more centi-millionaires than the whole of Africa put together (375 centi-millionaires) and a similar number to France (650 centi-millionaires) - all stats sourced from New World Wealth as at June 2024.
Glen Steward, Founder and Chairman of Stewards Investment Capital, remarked:
"Florida's growth as a wealth hub is a testament to its appeal as a destination for innovators and entrepreneurs. We see this trend accelerating as more high-net-worth individuals recognize the state’s unique combination of lifestyle, favourable tax regime, and access to global markets. Stewards Investment Capital is proud to be part of this vibrant landscape, helping channel wealth into strategic investments that benefit both the investors and the local economy."

Florida’s strong wealth growth over the past decade has been assisted by:
- A large number of high-net-worth individuals have moved to the state post-Covid, especially those in the finance, hedge fund, tech, media, and entertainment sectors.
- Low state taxes, which encourage business formation and appeal to wealthy retirees.
- A convenient base for global investors, with Miami International Airport offering direct flights to most of the world’s key financial centers.
- Lifestyle factors such as beaches, climate, golf courses, and scenery.
- High growth in the tech sector, especially in Tampa and Miami.
- It is a great base for doing business in the Cayman Islands, Virgin Islands, Bahamas, Bermuda, and emerging Latin American markets such as Brazil, Costa Rica, and Panama.
- Strong FDI inflows, with a large number of international companies investing heavily in the state.
- The fast-growing wealth of Florida's West Coast, especially around Tampa, Naples, and Sarasota. In percentage growth terms, this is the fastest-growing part of Florida for centi-millionaires & billionaires.
Bilal Adam, CEO of Stewards Investment Capital, added:
"Wealth creation is increasingly centered on entrepreneurial energy, and Florida is fast becoming the go-to location for wealth builders looking for a supportive ecosystem. We are excited to continue working with dynamic leaders and investors to harness this momentum, driving both growth and positive social impact via our affiliates."
This is the second feature in our “emerging wealth hubs” series. Please see our previous feature on the Rise of Namibia.
Research & Methodology:
The emerging wealth hubs series is published by boutique investment advisory firm Stewards Investment Capital, in partnership with global wealth intelligence firm New World Wealth, which is currently the only known independent wealth research firm systematically tracking global wealth migration trends between countries and cities.
New World Wealth tracks the movements of over 150,000 high-net-worth individuals in its in-house database, with a special focus on those with over USD 30 million in listed company holdings. The database’s primary focus is on company founders (50%+ of the database) and individuals from high-value companies who hold the following positions: chairperson, CEO, president, director, and managing partner.
The firm uses various public sources to check city locations, including LinkedIn and other business portals. Its stats are therefore mainly based on the work locations of the individuals. Its data also takes into account prime property statistics — specifically, it considers the number of highly priced homes in each area.
Note: It should be noted that New World Wealth never gives out the names of the individuals in its database, which it uses purely for in-house statistical studies.
About Stewards Investment Capital:
Stewards Investment Capital is a boutique investment advisory firm with a track record of over 25 years under the Stewards Group of Financial Companies. Strategically positioned in Mauritius, South Africa, and the USA, we tailor niche investment solutions to high net worth individuals and institutional investors.
Guided by a high-alpha approach and fuelled by a passion to be a catalyst for growth, our commitment to our investors is rooted in our mission to grow and nurture their wealth, building lasting fortunes and creating enduring legacies to achieve real freedom. This endeavour is powered by our team of passionate investment professionals, each contributing decades of experience and expertise to our firm.
Honoured by Global Private Banker and Global Finance, we continue to build and nurture close relationships with our investors, delivering unparalleled excellence through our innovative offerings and remaining a global investment partner of choice.
For more information on Stewards Investment Capital, please visit stewardsinvestment.com
About New World Wealth:
New World Wealth was established in 2013 and has been tracking the movements and spending habits of the world’s wealthiest people for over a decade. The firm has an impressive track record in providing robust, reliable wealth data and insights for key publications, such as the Centi-Millionaire Report and the Africa Wealth Report.
New World Wealth’s reports and findings have been referenced by the Australian and UK governments, as well as by global news outlets such as the BBC, Bloomberg, CNN, Forbes, the New York Times, Robb Report, and the Daily Telegraph.
For more information on New World Wealth, please visit newworldwealth.com
For queries please contact: andrew@newworldwealth.com or suneetamotala@stewards.global
